Citi Analysts Boost Salesforce Target Price Amid Mixed Downgrades
Analysts have updated their ratings on several stocks today, affecting Salesforce and McDonald's among others. Citi analyst Tyler Radke has adjusted his target price for Salesforce (CRM.US) from $233 to $263 while maintaining a hold rating.
In another move, Citi analyst Joanne Wuensch downgraded Boston Scientific (BSX.US) to a hold rating with an adjusted target price of $50. Morgan Stanley analyst Matthew Cost also downgraded Expedia (EXPE.US) to a sell rating with a revised target price of $235.
Citi has also made adjustments for McDonald's (MCD.US), cutting its target price from $345 to $310, while BMO Capital raised Phillips 66 (PSX.US)'s target price from $195 to $310. Analyst Daniel Major at UBS maintained Newmont (NEM.US) with a buy rating and adjusted the target price from $120 to $155.